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>> barack obama calls for compromise as the u.s. approaches the brink of another economic crisis. in a rare appearance on a u.s. talk show he appealed to congress to make a deal to avoid tipping the country into recession. you're watching al-jazeera live from london. also coming up, 21 policemen are buried in pakistan after being kidnap and shot by the taliban. anger and grief in india. candlelit vigils continue as the 22-year-old gang rape victim is cremated. plus moments of impact -- amateur video captures a russian plane after it overshoots a runway and crashes into a motorway. hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social welfare c
u.s. spending for defense at $699 billion. >> we can reduce that by well over a $100 billion a year. >> the range of new threats include cyber threats, bio threats, and a host of non-state actors. >> how do you do all of this on the budgets we have for the armed forces given the debt situation we have in our own country? >> that's going to be, i think, in many ways the biggest debate within the military, if not, in society at large. (instrumental music) >> in a democracy agreement is not essential, but participation is. >> never before in our history have we been so inter-connected with the rest of the world. >> foreign policy is actually not foreign. >> america has faced great hardship before and each time we have risen to the challenge. >> the ultimate test is to move our society from where it is to where it has never been. >> join us as we explore today's most critical global issues. join us for great decisions. (instrumental music) >> great decisions is produced by the foreign policy association, inspiring america's to learn more about the world. sponsorship of great decisions i
of the world if the u.s. fails to reach a deal? the u.s. is the world's largest economy, so it performance affects the other economies. -- so its performance affects the other economies. u.s. consumers will not have cash to spend on products from the big exporters. eu countries would be weekend in their fight against the financial crisis across the eurozone -- be weakened in their fight against the financial crisis across the eurozone. one economist says it is likely that president obama will negotiate a temporary deal. >> the importance of the u.s. this cliff is extremely -- u.s. fiscal cliff is extremely high. the main growth engines are firstly china, which will grow at about 8%. the u.s. is still very important. we are expecting growth of about 2%. if the u.s. goes off of this book with and you have very weak growth, that will be a huge dent in the global outlook and will have transmission of sex to the rest of the global economy at that time when the eurozone is still in recession in japan has also slid into recession. the risk is that this negotiation process could be protracted. i t
businesses major corporations. what can we do for you? >> and now, "bbc world news." >> can u.s. politicians reached a deal to stop tax rises in spending cuts from damaging the american and the global economy? hillary clinton is being treated at this hospital in new york. she has a blood clot. there's concern over the health of the venezuelan president who has suffered complications after cancer surgery in cuba. walk into bbc world news. coming up, and look back at the british troops as they prepared handover to afghan forces. new zealand becomes the first major city to welcome 2013. time is running out for politicians in the united states to strike a deal to prevent the economy from going over the so- called fiscal cliff. that is when a package of automatic spending cuts and tax rises comes into fact which could set the country back into recession. that less than 20 hours into the generate the first deadline. >> as night descended on washington, no deal precentors went home with a low over 24 hours to go before the huge austerity package known as the fiscal cliff, something almost nobody wa
, outperformers this year include german, japanese and hong kong stocks. the u.s. senate will meet at 11:00 a.m. eastern after lawmakers tried most of sunday to avoid a fiscal cliff. proposals moved back and forth including tying social security to the chained cpi index. aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or frankly, the courage to close the deal. >> i will say this. i think that the republican leader has shown absolutely good faith. it's just that we are apart on some pretty big issues. >> i want everyone to know i'm willin
let's go to another name that you say is a great u.s. play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what a frappucino tastes like. >> oh, look out, china. liz: two pharma companies, what do you think are the big names here because we're all getting older, and we all need new medicine. >> we're going to be buying a lot of pfizer especially and bristol-myers. those are the two picks we have. pfizer is around 24, $25 a share, bristol-myers about 31. and they have in common a new blood-clotting drug, and everyone's very, very excited about that. bristol-myers developed it, and pfizer will be marketing it. so we hi there's huge opportunity -- we think th
in u.s. history. president obama defeated mitt romney forcing the republicans to reconsider their policies among others returning women and immigrants. while the major party presidential candidate did not take on fossil fuel, climate change in any of their debates, it was a year of extrem e weathr from melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be shooting in newtown, conn.. the case around trayvon martin sparked national protest after officials refused to arrest george zimmerman. president obama continues his secret drone wars. we spend the hour looking back at the moment and movements that shaped 2012. >> democratic congresswoman gabrielle giffords has announced she will step down this week. she was shot in the head last year in a shooting spree that left six people dead in tucson. >> thank you for your prayers and for giving me the time to recover. i have more work to do on my recovery, so i will do what is best for arizona. i wi
.the bbord will select its favorite entriee and send them to the u-s geological survvy.it could takeethe federal agency uu to 9 onths to ccoose a winner. winner.to enter.. go to our website foxbaltimore dot ccm slash morning. ggrlfrrend of about a year... kimmkarddshian..are expectinn a baby. booh.wwst made the atlantic ciiy, on sunnay.kim kardassian is still legaaly filed for divorce in ootober 2011... 72 days after the two aavery ppegnant essica simpson proudly shows of her caption reads " bumpin' and ppoud."on christmas she confirred she was pregnant with her second child.... with 32-year old is already a mother tooa seven month old daughter. coming up on the early it wws one busy yeaa. year.we count down tte top &pnews stories of 2011. ♪ chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. ((ad lib meteorologist)) 3 3 ((trafffc reporter ad libs)) maa greeespring piberty 44 map 3coming up... from funny.. to sad... to life- changing.2012 had it all. all.we count down the op new &pstories of the last year... next. ((b
weeks the u.s. policy tornado the soviet union is going to change in april of 1945. by the time there's that big meeting on april 23rd with molotov and april 23rd, the united states changed course, and so at that meeting, truman meets molotov -- first meet with advisers and they're divided. marshall, leahy, are all telling him don't break with the soviets. said to the secretary of war and said, the soviets have a much better understand of their open security, especially around poland, than we do. >> stepping back from the details, do you think it was realistic for these two powerful nations, continental powers, each of whom had, i think, it's fair to say, an empire, one formal, one a little more informal, because the soviets had different, smaller states under their control, and going to keep control of the baltic states and moving into eastern europe. was it realistic for these two powers, who are very different, to really get along for very long or were they really destined to have a cold war and luckily never really had a hot war except through proxies. so details are important, an
a little-known u.s. army general. a west point graduate and officer for his vietnam, he spent his in the army. >> let me put it this way, it take as long as it takes. >> as the leader of the u.s.-led coalition,al schwarzkopf achieved a rock star status. returned to the persian gulf his wasonal hero and the medal of freedom. >> he was a leader, a motivator. >> he was an extremely compassionate man. >> after retirement, he declined by both parties to run for political office. president george h. w. bush issued a statement. >> general schwarzkopf never interest inrue office.for he often played down the label of hero. years, he seemed most proud of this work with children's charities. >> we will take you quickly to landover right now. shanahan is speaking. show us what he could do. i thought he stepped up and played at an exceptional level. wilson? you talk about all the pressure you unleashed romo. >> we had some outside blitz's and some inside the .... zes.lit you have to get to good timing. maybe we got him to throw a than heit earlier wanted to. >> the offense has grown. sometimes
will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. item
the overall agreement, so the u.s. policy towards the soviet union is going to change in april of 1945. by the time there's a big meeting on april 23rd on april april 23rd the united states had changed course so at that meeting first teammates with his advisers one-fifth within marshall, leahy telling him they are grateful to the soviets and since the secretary of war understood the soviets have a much better understanding to their own security especially around poland than we do. >> stepping back from those details, do you think that it was realistic for these two powerful nations, continental powers, each to ochre and had i think was fair to say the entire one for all because the soviets obviously have their own different smaller states under the control and fifth. whether the two powers were in there is the logical bases to get along for very long. of course it never would have happened, but arguably stabenow as you know himself who is the head of the communist party told the communists and 45 get ready for the class war to continue in effect. don't believe the peaceful coexistence
. how are things standing by there? >> it's a very quiet session as we saw last week on the u.s. and the european incidentsies. despite the fact that the vix in the united states and the v-stocks and the various volatility measures on this side of the atlantic remain elevated. despite that, we're not seeing a lot of oscillation on the back of, as you said, the fiscal cliff and concerns that we may fall off. does that mean that people are getting complacent? they think even though we might not get a deal in the next 24 hours, we will get a deal fairly imminently. in the meantime, though, this is what we've got in terms of the major european indices. that will open and the germans will come to that in a few minutes' time it has been up year-to-date around about 6% and that makes the ftse 100 a real lagger compared with some of its european peers. a laggard, as well, compared to the cac 40. we have no fiscal cliff deal as of yet and it is up 1%. that means the cac 40, the french equity market, the blue chips there are up over 15% year-to-date. and a lot of markets are being shut to
should have acted months ago to keep the u.s. economy going off the fiscal cliff. >> i find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz. i hope we can get something done on the last day. we put two people together basically to resolve this. >> the two people were senate republican lea leader mitch mcconnell and joe biden who worked the phones after talks between mcconnell and harry reid stalled. >> discussions continue today on plan to affect the middle class families from the tax increase tomorrow. there are a number of issues in which the two sides are still apart. negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. i would set the tax rate for upper income people at 39.6%. the rate under president clinton. the states would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extented a year, as with the medicare doc fix. it would permanently fix th
to prevent the u.s. from going over the cliff. >>> if you want to leave your car behind this new years eve there is plenty of options. >>> good morning, to you. welcome to the last day of the year monday december 31st i'm dave clark. >> and i'm tori campbell in for pam cook. let's get a quick look at weather and traffic starting with steve. >> good morning, tori and dave. thank you. it's cold out there. temperatures a few upper 20s. santa rosa 29 degrees. sebastopol 28. there is cold numbers out there. it will be mostly sunny and very chilly upper 40s and low 50s. here is tara. >>> here's a look at the east shore freeway. you can see traffic moving along nicely. at the bay bridge toll plaza we have no delays as you make your drive into san francisco. let's head back to the desk. >>> 4:59. believe it or not it is now 2013 live picture. look at the big lifts and the kiss. lots of fire works. crowds gathered on the shore of the harbor watching the skyline explode. all the colors of the fire works 2013 is here. 1.5million people expected to be ringing in the new year at this particular celebra
approaches quickly, it looks like u.s. lawmakers may have put together is stopgap agreement. some details are emerging as sources close say the talks have been centering on staving off the worst of $600 billion in spending cuts. the president had this to say. >> the potential agreement would make sure it taxes do not go up on middle-class families but it would also extend tax credits for families with children, extend the tuition tax credit that has helped millions of families pay for college, and it would extend tax credits. >> lawmakers were also narrowing the income level at which they would increase to between $400,000.50 under thousand dollars. no deal is reached, taxes will go up for all americans. >> let's now go live to washington. we have a correspondent following the story for us. what else does the president have to say? >> i think this is important to review the deficit. he said the compromise is being looked at and he is urging them to come together right now in the senate to pass this bill. he wants both parties to work together and you could really see in his body language
hours. it's clear right now since the house is about to adjourn that the u.s. is going over the fiscal cliff, at least technically. we'll see what the senate does tonight, if anything. what the house of representatives does to follow the stakes, as all of us know, are enormous. senators, thanks very much for joining us. >> thank you. >> congress had well over a year to tackle this fiscal cliff. instead, we've come down now to the final eight hours before our nation takes a severe hit potentially to the economy. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your basic paper towel can handl
on the u.s. consulate in benghazi, libya. she's been treated with anti-coagulants. doctors want to monitor her medication over the next several hours. dierdre bryant, abc news, new york. >>> and to our other major story, the looming fiscal cliff. lawmakers worked through the night to try to reach an agreement. >> without a deal, taxes are set to go up for just about every american. tahman bradley joins us from washington with more on the stalemate. tahman? >> reporter: john and paula, good morning. tension is growing here in washington, after weekend talks failed to lead to a deal. if there is no breakthrough today, the country will go over the cliff. talks continue but this morning, there is still no deal. >> we'll have further announcements, perhaps, at 11:00 in the morning. i certainly hope so. >> reporter: republicans and democrats negotiated all weekend, with the hope of passing legislation to protect most people from a massive tax hike. >> our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly. >> reporter: there was
. that storm created problems across most of the eastern u.s. starting in the south on christmas day before move nooingt northeast. and then heading to sea. a new storm could bring wintery weather to the midwest for new year's eve. >> overseas the crash of a russian jetliner claimed a fifth victim today. a flight attendant. that plane was carrying eight people, all crew members. barry peterson has new video captured during yesterday's landing atmos you could's nuke ofo airport. >> a video shows debris exproducting across the moscow highway as a twin jet tupolev 204 slammed into the ground. authorities said the plane had landed at one of moscow's airports but for some reason couldn't stop. and veered off the end. runway out of control. the first responders were people in cars without stopped to help. >> getting one woman out of the wreckage and searching for others. >> i heard a woman moan says nikita kasperchik, one of the first on the scene. he said he tried to get into the plane and search for survivors. >> i didn't think about herorism, he said, i just had to try and help. officials said
championship begins to sink in. >>> but first, the u.s. is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth between meetin
national defense, history and geography of, and the u.s. economy. a television series based upon pages history of the estates is currently in development as well. we are pleased to welcome dr. schweikart today to hear about his newest book, "a patriot's history of the modern world," which in this case is going to be from 1898 to just after the second world war. please join me in welcoming larry schweikart. larry? [applause] >> well, thanks so much to heritage foundation for inviting me here. it's really an honor and it's one that which my father was alive to see. heritage is one of those great passions of liberty and a swelling sea of collectivism. you probably do know that you are getting somebody here that was a previous rock drummer. this later became significant in learning, as a learning experience when i began working on this film. but all along my expenses in the rock band were pretty informative. i, student i know all about communism because i was in a rock band. we shared everything, had nothing and start. when mike allen and i wrote "a patriot's history of the united states"
prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we've been reasonable and respondent. the president is the 1 who's never been able to get to yes. >> what i ran on and what the american people elected me to do was to put fourth a balanced a
. >>> the clock is ticking toward the midnight deadline. the frantic last minute efforts to keep the u.s. from going over the fiscal cliff. >>> plus how bay area transit agencies hope to make this a safe new years eve. ktvu channel 2 morning news continues. >>> good morning. it is monday december 31st i'm tori campbell in for pam cook. >> and i'm dave clark. let's check weather, traffic, steve is right there. you'll need a few minutes to warm up the car. >> for most. there is a couple inland definitely. some 40s near the city and around the bay. inland there is a lot of 30s and upper 20s. mostly sunny, partly cloudy. that system coming in will spin in higher clouds. upper 40s low 50s. here is tara. >> thanks steve. this is a look at the bay bridge toll plaza where you can see traffic moving nicely into san francisco. and this is a look at the san mateo bridge where you can see the same story. traffic on the right heading toward the foster city. opposite side toward hayward. let's head over to dave and tori. >>> now we are hearing from neighbors in san francisco. those that were awakened by an
tonight to avoid the so- called fiscal cliff. what is the latest? no deal tonight in the u.s. senate. continuing, are though, between the vice president and mitch mcconnell. in a rare sunday night session -- i think the enormity of the issue is very clear. >> u.s. senators gathered to solve a self-imposed crisis. their plan to carve out a compromise dissolved. >> there is no simple issue that impossible sticking point. we are willing to make difficult concessions. >> come january 1, tax hikes and budget cuts go into effect. >> regardless of differences, top priority has to be to e that taxes on middle- families do not go up. >> the plan before the senate tax -- would eight prevent a tax increase. clear differences remain. seene odds are we have not the leadership on either side of e to solve this problem. is a contraction economy. loss of jobs which could be well in addition to the people already on unemployment. >> the senate reconvenes 11:00 on monday. the president's heerview earlier today, the issue of guns. the president said the day of newtown shooting was the t of his presiden
today. >> new this morning, al qaeda is offering a bounty of more than $23,000 to anyone who kills the u.s. ambassador to yemen. the officers posted on a website with ties to the al qaeda branch in yemen. the terrorist group is offering money to anyone who kills an american soldier in yemen. yemen is a u.s. ally however, it's frying -- >> the senate homeland security committee will release a new report criticizing the state department for the u.s. consulate attack in libya. nbc news obtained an advanced copy. in it, it found that bad security allowed militants to essentially walk into the compound. the report criticizes the state department for failing to sufficiently respond to requests for additional security. >>> good morning everyone. 6:07 is the time. right now, people are already gathering in times square and it's cold out there. like 15 to 20 degrees colder than last year. more than a million people are expected to ring in the new year there. a look at the last minute preps coming up ahead. >>> 2012 is ending on a cold night. we check weather and traffic on the 1s. >>> the major sec
but you no cigar. the u.s. falls off the fiscal cliff at midnight despite something in the work. you heard what senate minority leader mitch mcconnell said earlier today. we have members from both the house and senate on what happens next. i'm adam shapiro, in for melissa francis. on "money" the capital-gains tax in the cross-hairs. the capital-gains tax will spike in the new year. how can investors protect themselves from the coming blow? respect your elders or else. a parents dream, a child's burden. adult children forced to financially support mom and dad and pay regular visits in one major country. we'll tell you where and why they're doing it. even when they say it's not, it is always about money adam: had enough of the fiscal cliff yet? before we go there, let's take a look at the day's market headlines a whipsaw for the session for the markets on their last trading day of the year. signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into
the fiscal cliff. we want to check u.s. futures to see how investors are anticipating the last trading session of 2012. investors seem to be optimistic that a deal will be struck. you can see the dow futures as well as the s&p 500 futures are looking up. rich, there are several things to discuss. is there any chance of a deal tonight or everybody packed up and gone home? >> everybody has packed up and gone home except for joe biden and mitch mcconnell, they are having multiple conversations and these folks are running point on negotiations, harry reid who was negotiating has left the capital. so those negotiations have died throughout the remainder of today or earlier today. you have the vice president and senate minority leader. the last time they finished the deal the tax deal we got a couple years ago that extended tax rates, cut the social security tax by a couple points. all of that ongoing right now and that is really the last hope we have to get something done before the fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. b
on a rampage at a sikh temple. u.s. army veteran wade michael page. after shooting one police officer multiple times -- page was shot and killed by another officer. number eight, the massacre in khandahar province. >> the united states takes this as seriously as if it was our own citizens and our own children who were murdered. >> the accused gunman, robert bailes. bailes left his afghanistan outpost on a night back in march and single handedly attacked two villages. opening fire and killing 16 afghan civilians in their homes and wounding six others. number seven, striking a deal in the shooting that struck a blow to the nation. >> the man who shot congresswoman gabrielle giffords and killed six people in a ra rampage in tucson last year pleaded guilty to 19 charges. >> jared loughner was sentenced to seven consecutive life terms and 140 years. his guilty plea means he will avoid the death penalty. chicago's murder rate surged to levels not seen in almost a decade. >> it's just not the gang bangers. right now, innocent kids and women are being shot on a daily basis. >> averaging more than a mu
congress about the september 11th attack on the u.s. consulate in benghazi, libya, but had to cancel because of her health issues. clinton was already scheduled to step down as secretary of state next month. president obama has nominated john kerry to be her replacement. >> marlie hall in new york this morning. >>> also today is the final day of fiscal cliff negotiations. hope of reaching a wide-ranging deal in automatic spending increases and tax cuts is all but gone. spending would be reduced and cuts would be felt in all areas of the government. economies have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this morning the senate reconvenes with the aim of reaching a smaller deal, one that might spare millions of americans from paying her taxes. danielle nottingham reporting now from washington. >> lawmakers are still working on it. >> i want everyo one to know i' willing to get this done but i need dance partner. >> the main sticking point between democrats and republicans continues to be over the threshold of tax increases. pr
to are prevent ratings agencies to downgrade u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income level at which tax rates would rise. is it 4, 450, settle on 5. is that the main thing you're interested in over the next couple hours? >> yeah, once they've gotten rid of the question about the changed cpi and social security over the weekend, which the republicans asked for, democrats denied, republicans backed down on that, then it becomes a matter of hammering out the details and making sure that you have the votes before you go to the floor. it does seem like they're very close to this deal. but it is the last day. there's not a whole lot of wi
committee,nd journalists at fox news contributor judith miller and former u.s. ambassador to the united nations, john bolton. joining us now is jon barrasso, member of the senate foreign ofh relations committee. he said the hearing explains stify.why secretary clinton needs to testify. good to have you with us we. might thank you for having me. >> this is remarkable. i understand the testimony of secretary clinton was tellinggow her what was going on, what was transpiring as to the inadequacy of security. overany months in behazi. .> is that right? >> that's why we need secretary clinton to testify on thetions record. to answer a numberwh of questio, what she did, did she give anytt orders. the same applies to ed st president of the united states where he was when he was doing, and what heatid did. i have seen e video from the drums, i have seen the video from the security cameras thereu senator risch is absolutely right. most people don't focus on the fact that there were two deaths almost immediately, and the other to the died died about seven hours later. it is hard for me to underst
morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. >>> if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. elizabeth corridan is monitoring the situation and brings us the latest. --reporter pkg-as follows -- " as we gather with so much work undone, guide our lawmakers with your wisdom." the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hiatus. with less than 48- hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending cuts and tax hikes. >>> "we're apart on some pretty big issues." "i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >>> "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up th
" with scott pelley. >> good evening. scott is off. i'm rebecca jarvis. in a few hours, the u.s. will go over the fiscal cliff which could trigger across-the-board tax increases and billions in spending cuts. however, there is hope for a soft landing. senate republican leader mitch mcconnell and president obama said today a deal was close. but late in the day house leaders announced they will not vote on a deal tonight. they're waiting for the senate. so what happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you, rebecca. it looks like the deadline pressure finally prompted a meeting of the minds today. negotiators agreed to a plan that extends the bush era tax cuts for 99% of americans. but they are hung up on one key spending issue, and so it looks like we will go over the fiscal cliff at least temporarily. >> we're very, very close to an agreement. >> reporter: senate republican leader mitch mcconnell said his round-the-clock negotiations with vice president biden had paid off. >> i can report that we've reached an agreeme
,000 a year will have to pay an extra two grand to the u.s. government. the more you make, boy, that number really accelerates. heather? heather: another devastating blow in the fiscal cliff crisis, this mess, will be to the military. $500 billion slashed from the pentagon budget that is raising serious concerns about our national security. chairman of the house armed services committee, california congressman, bruce mckeown will weigh in on the impact these cuts will v that is live in our next hour. gregg: secretary of state hillary clinton now hospitalized after the discovery of a blood clot following a concussion earlier this month. that concussion apparently related and causing secretary clinton to postpone her testimony on the benghazi terror attack. doctors say the blood clot is very risky. >> blood clots are serious depending where they are. the leg is more common and simpler to treat. lungs are more life threaten, into the brain of course, very, very serious if it is in the brain because of stroke and potential memory and injury to the entire brain. gregg: david lee miller is live i
into the ground. >> so could you give some examples, number one, of this network that you talk about in the u.s., how it exists? >> in the u.s., for instance, after the invasion of iraq one of the major construction or reconstruction quote unquote ventures was, you know, commissions, somehow, or given somehow to various corporations that are very much in touch or close to or part of the network of, for instance, vice president dick cheney. whether it's halliburton, other companies, they ended up unfairly taking up these and they didn't do a good job at all by virtue of the result -- [inaudible]. these can networks -- another can of such network, if you would like to look at the much bigger scale, the entire seven to $800 billion bailout is a function of a very quote unquote legal state business network that operates that allows our system to bail out people that have caused the problem under legal pretense. the issue is in countries like syria. the money is much smaller, and the checks and balances that what is the media or the democratic process, and other civil society associations and power
>>> my name is chris stevens, i'm the new u.s. ambassador to libya. i had the honor to serve as the envoy to the libyan revolution and i was thrilled to watch the libyan people stand up and demand their rights. now i'm excited to return to libya to continue the great work we've started, building a solid partnership between the united states and libya to help you the libyan people achieve your goals. right now i'm in washington, preparing for my assignment. as i walk around the monuments and memorials commemorating the courageous men and women that made america what it is, i'm reminded we too went through challenging periods, when america was divided by a bitter civil war 150 years ago. president abraham lincoln had the vision to pull us together toward a shared goal of peace and prosperity. growing up in california i didn't know much about the arab world. then after graduating from the university of california at berkeley, i traveled to north africa as peace corps engineer. i worked as an english teacher in morocco two years and quickly grew to love this part of the world. si
to strike a deal is tomorrow.... or, the u-s plunges off the so- called fiscal cliff and possibly into an economic free fall. facing a dreaded combination of spending cuts and tax hikes... president obama made an appearance, on n-b-c's meet the press. "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." democrats want to keep the bush-era tax cuts for everyone, except the wealthiest americans. just how wealthy?..is a major sticking point... with negotiations now focused on an income threshold around 400-to-500 thousand dollars. *republicans argue the problem isn't tax revenue...but spending. they want reforms to entitlements. but a proposal to change the way social security benefits are measured against inflation was pulled from the table. vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopef
cliff before americans plunge head long into smaller paychecks. the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on. the night rolls on in some cases. midnight in the u.s. is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock ma
toward another recession. without a deal u.s. gdp expected to take a serious hit. our unemployment rate expected to skyrocket, but even with the deal some say the u.s. economy may fall. i am joined now by an economics professor for the university of maryland. welcome back to the show. i know you get pulled on this all the time by different groups. what are you expecting out of the economy? what do you say? with the deal what happens to the economy? without a deal what happens? >> some kind of deal, the economy continues to grow very slowly. we are doing all this spending to prop up the economy because the fundamentals are right. all of the things the obama administration has done have been anti growth, whether energy policy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this. the congressional budget office has out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemploymen
point there will be just over 12-hours until the u.s. goes over the fiscal cliff. the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set hikes. "we're apart on some pretty big issues." " >> i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >> "regardless of partisan differences, our top sure that taxes on middle that would hurt our economy badly." >> reporter: a major sticking point continues to be the annual income level at which those tax increases should kick in. the threshold has wavered from 250-thousand dollars to as high as one-million dollars. republicans argue the country doesn't have a tax revenue problem, it has a spending problem. >> "unless we do something about spending, the government will continue to get bigger and the de
they again tried to reach a deal and still no compromise. the u.s. is just hours away from going over that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and swing -- a tactic -- and cuts. >> >> t . >> i hope that they can work together and realize that this is affecting everyone. >> both chambers will reconvene this morning at whichthat they k together and realize that this is affecting everyone. >> both chambers will reconvene this morning at which point, there are just 12 hours left until this deadline. >> whatboth chambers will recone this morning at which point, there are just 12 hours left until this deadline. >> what are lawmakers working on today? >> we understand that senator harry reid, the majority leader, will what are lawmakers workingn today? >> we understand that senator harry reid, the majority leader, will reintroduce the pre fiscal cliff, maryland would be hit hard with hundreds of millions of dollars and tens of thousands of jobs lost. >> if america falls off that fiscal cliff, maryland would be hit
terror attack on the u.s. consulate in benghazi. the report found terrorists walked right into the compound. the report found the senate -- the report blames the state department for failing to respond to requests for more security resources. the attack left the u.s. ambassador and three other americans dead. >> police in woodbridge are looking for a man accused of shooting out the window of an elementary school. according to investigators, at the shooting happened sometime between last friday night and saturday morning. this man was caught on surveillance cameras at around that time. no one else was inside the school. if you know anything about this case, called crimestoppers. >> it looks what we're looking at a cold night to be out on the town. >> let's get our first look at the forecast. >> a cold night ahead, but not as cold as it was a couple of nights ago. it is 40 at reagan national, but we will hold to the 30's as we move until midnight. and then we may lose a couple of more degrees after that. here is a look at satellite and radar. we will see the chance for a lit
? >> absolutely it does, bill. and it has the last two months. we've seen a marked retreat from u.s.-based investments after u.s. centric holdings, the s&p 500 showing strong leadership in the first ten months of the year. what we've reason seen is now foreign markets picking up the slack. so i would say when we look into 2013, the opportunities most likely exist outside the united states, not in the u.s. >> outside of the united states is a large geographic area. can you narrow it down for us? like asia, europe, emerging frontier, what is it? >> of course, mandy. and that's part of the asset selection you have to do. for us one of the best areas we've seen has been in emerging market debt. it started out many years ago with the bricks and recently we've moved in the last five or six years to the n-11. by looking at those markets where we can have sovereign debt and corporate debt and relying on a good fund like the fidelity emerger. >> peter, i'm interested in what is going to be the key driver of the markets overall. i'm kind of sick of politics being the driver. right? because it
to learn that when it comes to productivity, the u.s. is not number one. in fact, we americans rank lower than workers in four european countries, including france, in our productivity per hour of work. now, that's the key-- per hour of work-- even though the europeans work less and take more vacation. >> i am packing up and getting on the road now. >> do you think that with all these gadgets and the technology that you're more or less productive? >> if you want to measure productivity by, you know, for me, for example, keeping the emails flowing, you know, multiple conversations going, then, yes, the technology does facilitate that. >> joe gave us a demonstration of his multitasking skills and how hard it can be to stop. >> this is the blackberry with the headset, which is both my phone and my email. >> okay. you've seen him do this often? >> oh, yeah. >> yeah, this is typical. but he's not doing something special and unusual for us. >> not at all. and i'm often on the other end of the telephone, and i actually do get frustrated because i can hear the typing. >> 'cause you know what he's
's a race against the clock. the last-minute effort to prevent the u.s. from going over the fiscal cliff before the deadline of midnight east coast time. >> reporter: new year's eve partiers who want to leave their cars behind will have a lot of options. we'll tell you about the different transit agencies offering free rides this evening. "mornings on 2" starts now. >>> well, good morning to you. i'm dave clark. >> i'm tori campbell. it's monday, december 31st, new year's eve. in overnight news, san francisco firefighters had their work cut out for them when a natural gas line burst outside an apartment that was on fire. flames shot in the air on athens around 1:00 this morning. ktvu's alex savidge joins us live from the scene with video you will only see on channel 2. alex? >> reporter: well, good morning. the fire inside of that home is what triggered a second fire that came from the curbside gas valve right outside the home. that's why you see pg&e crews still doing last-minute repair work to patch up the road where they had to dig things up to access that line. that second fire comin
offering a huge reward to anyone who kills the u.s. ambassador to that country. that's all ahead unless breaking news changes everything. this is "studio b." >> first from fox at 3:00, president obama says congress is close to striking an 11 the hour deal to keep our nation from plunging off the fiscal cliff but he says the two sides still have ground to cover and the time is running out. that one-two punch that will kick in, hours from now, on january 1, and if the president and congressional lawmakers cannot hash it out, the united states could fall into another recession. here is part of the framework for the agreement. the bush tax cuts would expire for incomes above $400,000 for individuals and $450,000 for families. unemployment benefits would continue for one year and the estate tax would go up. we have learned lawmakers are still working out the automatic spending cuts. president obama weighs in saying middle class families can not get caught in the middle. >> the last thing folks like the folks up here on this stage can afford right now is to pay an extra $2,000 in taxes next y
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